(d) Aircraft Third Party, Property Damage, Passenger, Baggage, Cargo and Mail
 and Airline General Third Party (including Products) Legal Liability for a
 combined single limit (bodily injury/property damage) of an amount not
 less than the Minimum Liability Coverage for the time being for any one
 occurrence (but in respect of products and personal injury liability, this
 limit may be an aggregate limit for any and all losses occurring during
 the currency of the policy). War and Allied Perils are also to be covered
 under the policy to the extent reasonably commercially available from the
 leading international airline insurance markets (which coverage shall
 include but not be limited to an extended war risk coverage endorsement
 equivalent to the terms of AVN52D).

2. Terms of Hull and Spares Insurance

All required hull and spares insurance, so far as it relates to the Aircraft,
will:

(a) ADDITIONAL INSUREDS: name Lessor, Beneficiary, Owner, if different from
 Lessor, and each Financing Party and their respective successors and
 permitted assigns as additional assureds for their respective rights and
 interests;

(b) SETTLEMENT OF LOSSES: provide that any loss will be adjusted between
 Lessee and Insurers subject to prior approval before settlement with
 Lessor, and will be payable in Dollars to Lessor up to the Agreed Value,
 for the account of all interests, except where the loss does

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 not exceed the Damage Notification Threshold, and Lessor has not notified
 the insurers to the contrary, in which case the loss will be settled with
 and paid to Lessee;

(c) 50/50 PROVISION: if separate "Hull" and "war risks and allied perils"
 insurances are arranged, include a 50/50 provision in accordance with
 market practice (AVS. 103 or its equivalent);

3. Terms of Liability Insurance